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Cardano Ecosystem

BITCOIN Bull Run On Pace! (HERE Is Crypto Top)

04/06/2024

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913 views


Crypto Capital Venture

In this video, I discuss a comprehensive analysis of Bitcoin's price movements, drawing attention to its behavior following historical halving events and how these moments have traditionally signaled shifts in the market. I begin with an overview of Bitcoin's monthly chart, aiming to provide context before delving into shorter-term price actions. By examining past halvings and their subsequent impact on price peaks, I offer predictions for future market cycles, suggesting a potential range between January to July 2025 for the next bull market peak. Additionally, I explore the concept of "bull market doors" and their significance as indicators of market phases, noting an unusual pattern in the current cycle where these doors were broken before a halving for the first time. This leads me to analyze the time between breaking these doors and reaching all-time highs, further refining my forecast. Moreover, I incorporate technical analysis, focusing on the Relative Strength Index (RSI) and other chart patterns to predict short-term movements and set expectations for volatility. Throughout, I emphasize the importance of structure in charts as a tool for navigating the market, regardless of its bullish or bearish state. Finally, I wrap up by sharing my methodology for tracking Bitcoin's journey and the broader crypto market, inviting viewers to subscribe for more insights on cryptocurrencies including Bitcoin, Cardano, and others.


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ORIGINAL SOURCE

https://www.youtube.com/watch?v=paMjji3G...

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